Garuda - Garba Rujukan Digital

Jurnal Manajemen Teori dan Terapan

Vol. 3 No. 3 (2010): Jurnal Manajemen Teori dan Terapan - Desember 2010

Bram Hadianto (Universitas Kristen Maranatha)
M. Sienly Veronica Wijaya (Universitas Kristen Maranatha)

Publish Date
22 Dec 2010

The aim of this research is to know the prediction of debt policy, profitability, liquidity, size, and firm’s status on bond rating, and to find the accuracy rate for classifying companies that have investment grade of bond rating and non investment grade of bond rating based on these given factors. We employ logistic regression model as data analysis method. Our sample is taken fromIndonesian Bonds Market Directory (IBMD) in the year of 2008 which collected by purposive sampling method. There are 105 listed bond’s issuers until 2008. In our observation, there are 3 issuers that have no bond rating so that we use only 102 issuers as the sample. The results show that profitability is the only explanatory variable which has significant impact on bond rating with positive sign and the accuracy rate of debt policy, profitability, liquidity, size, and firm’s status to classify bond issuer category are as high as 85.3%.

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